The Stock Market Driven by The Street-stall Economy

PostDate：2020-06-11

The global damage caused by the epidemic is incalculable. The epidemic disrupted the industrial chain, enterprises could not start work, workers had no income or even employment.

In February, March, and April 2020, the urban unemployment rate in China is 6.2%, 5.9%, and 6% respectively.

People's income sources are not guaranteed, which greatly reduces their willingness to consume. In the past three months, the total amount of domestic retail consumption has declined rapidly. In February, March, and April 2020, the total retail sales of social consumption in China increased by -20.5%, -15.5%, and -7.5% respectively.

According to the government work report, we will improve residents' willingness and ability to consume through the income growth and the stable employment. Experts said that the ground stall has the characteristics of low threshold for entrepreneurship, low risk of failure and low commodity price, which is undoubtedly an effective measure to stabilize employment, increase income and protect people's livelihood.

Fireworks on Earth, Vitality in China

On June 1st, Premier Li Keqiang emphasized during his inspection in Yantai, that the ground-stall economy is an important source of jobs, which is the vitality of China. Encouraged by the policy, the ground-stall economy has become a hot topic within a period of time, which has also driven the development of related facilities.

The Wuling Ground Stall Car

Stalling is a very mobile activity, which requires to choose different carrying tools for different commodities. For large, heavy goods such as fruits and clothes, vendors need a firm, large, and easy-to-move tool to carry the goods. Domestic Wuling launched the "ground stall car", which is suitable for the demand of the ground stalls. When the carriage is opened, the goods are now full of goods, without having to move up and down, and sell the goods immediately, saving time and effort for the merchants. The Wuling ground stall car is booming in the street-stall economy.

Short-Term Orders of Wuling Auto Are Full

On June 2nd, the WeChat public account released an article about the Wuling ground stall car. After the article was published, Wuling Auto has been given a serious of good news that its reading volume quickly climbed to more than 100,000, and the stock price quickly rose, which surged by more than 120 percent. The Wuling ground stall car has become a hot topic.

The day after the article was published, the single-day order volume exceeded its full-month sales of the series of Wuling Glory in May. On June 7th, Wuling once again released official news that Wuling Glory sold trucks in only 3 days from the release to the single-day order volume exceeded 1,000.

No Matter Whether the Street-stall Economy Can Develop in A Long Term or Not, Wuling Auto Will Receive A Long-Term Dividend

The development of land stalls has become a buffer for society in times of economic tension, but the attitude of it from the public is much different. Regardless of whether the street-stall economy can survive for a long time, we believe that the impact on Wuling Auto will be positive in the long run. On the one hand, Wuling Auto effectively digested the company’s production capacity surplus to ensure the long-term development of the company, but the product under this guise successfully attracted the public’s attention and undoubtedly earned enough traffic to increase awareness of Wuling among the public. On the other hand, even if the street-stall economy is short-lived, as the ground stall car can also be used to pull goods for delivery, Wuling Auto will cultivate a large number of potential customers If it can be recognized by the public for its high-quality products. So, there is a positive effect on the establishment and penetration of the brand of Wuling Auto.

Not only has land-sharing vehicles been developed by the street-stall economy, but also retail, cold chain, and digital currency has. In the future, with the change of the concept of the masses and more the effective supervise of street stalls, the street stalls are expected to become a business card of the city and coexist with the city. However, good urban planning and supervision are always indispensable topics.

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